Updated Dec 21, 2023
Stephanie Glickman Acquires 39.05 Acres Of Land In Mendham Twp For $3.7M
11 Wright Ln, Mendham Township, NJ 07931
$3,700,000
Building Size
—
Asset Type
—
Closing
Jan 23, 2022
About this deal
AI
Located in Mendham Twp, this recently sold land property at 11 Wright Ln spans approximately 39.05 acres. The transaction took place on January 24, 2022.
Summary of transaction details
- Property Type: Land
- Transaction Amount: $3,700,000
- Address: 11 Wright Ln, Mendham Twp
- Market: Mendham Twp
- Acres: 39.05
The buyer's representative for this deal was Stephanie Glickman from Kl Sotheby's Int'l Realty, while the seller's representative was Pamela Tishman from Coldwell Banker Realty.
The commercial sale at 11 Wright Ln, Mendham Township, NJ 07931 in Mendham Township, New Jersey sold for $3.7M in 2022. Stephanie Glickman, Pamela Tishman, Sotheby's International Realty, Coldwell Banker appear on the sale alongside Sotheby's International Realty, Coldwell Banker. This page is the Mendham Township, New Jersey file for the 11 Wright Ln, Mendham Township, NJ 07931 commercial sold: pricing, party profiles, and other closed commercial comps from the same Mendham Township sit in the Market section below. Filter that Mendham Township commercial set by closing date to see what else sold near 11 Wright Ln, Mendham Township, NJ 07931 around 2022. Published consideration for 11 Wright Ln, Mendham Township, NJ 07931 is $3.7M, dated 2022. Cite this Stephanie Glickman Acquires 39.05 Acres Of Land In Mendham Twp For $3.7M sale when underwriting similar commercial product around Mendham Township, New Jersey.
Players
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
4.29%
Cash-on-Cash
-1.23%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93